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21 October 2017

IPO Synopsis

General Insurance Corporation of India
Registered Office: Suraksha 170 J Tata Road,Churchgate , Mumbai - 400020 , Maharashtra , India.
Phone : 91-22-22867000   Fax:91-22-22884010
Email :  investors.gic@gicofindia.com  
Website :  www.gicofindia.in
Initial public offer of 124,700,000 equity shares of (Rs)5 each ("Equity Shares") of General Corporation of India ("Corporation") for cash at a price of (Rs)(*) per equity share aggregating to (Rs)(*) Crores ("Offer") comprising a fresh issue of 17,200,000 equity shares aggregating to (Rs)(*) Crores by the Corporation ("Fresh Issue") and an offer for sale of 107,500,000 Equity shares by the promoters (the "Selling Shareholder") aggregating to (Rs)(*) Crores ("Offer for Sale"). The offer would constitute 14.22% of the post-offer paid-up equity share capital. Price Band: (Rs)855 to (Rs)912 per equity shares of face value of (Rs)5 each. Retail discount and Employee discount: (Rs)45 per equity share on Offer Price The floor price is 171 times tha face value and the cap price is 182.40 times the face value.

Issue Money Payable On
Opens On Closes On Application Allotment
11-Oct-17 13-Oct-17 (Rs)855.00-912.00 (Rs)0.00-0.00
Minimum Application for shares in Nos :16  Further Multiples of :16

  (Rs Cr) Lead Managers to the Issue
Project Cost 0.00
Axis Capital Ltd
Project Financed through Current Offer 10661.85  
Post Issue Equity Share Capital 0.00  
Issue Price (Rs)855.00  
 
Projects
No Data Found.
Promoted By
President of India  
Listing At
BSE 
NSE 
Registrar to the Issue
Karvy Computershare Pvt Ltd 
 
Toll Free number: 1800-425-5501 / 1800-103-5501
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